Illinois Workers Compensation Insurance and the Work Comp Contractor Credit

Illinois Workers Compensation Insurance and the Work Comp Contractor Credit

For Illinois Contractors, one of the most important reasons for managing your Experience Modification Factor is the Illinois Contractor Classification Premium Adjustment Program (CCPAP).  In order to qualify for this credit your Work Comp Mod must be 1.00 or less.  AND, this credit can be as high as 40% which can be the difference in your bottom line for securing new business.

It's important to understand that controlling your long term costs take more than just getting an Illinois Workers Compensation Insurance quote at your policies renewal every year.  If you're struggling with your mod and would like to learn more on how to control it - give me a call.   Contact Info Link 

To learn more about CCPAP, including an overview of the program and how to complete an application, view the webinar available at NCCI.com via this link.


CCPAP Webinar

 

 

 

 

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Illinois Workers Compensation Quote

Illinois Workers Compensation quotes...   we have very competitive work comp rates but it's important that we do more in order to control your long term costs:

  • We make sure you are getting the best workers compensation mod rate possible.
  • We make sure your open reserves don’t adversely affect your mod.
  • We will help prepare a workers compensation premium audit before the auditors arrives.
  • We help establish a working relationship with occupation health clinics.
  • We help prepare job descriptions to avoid bad hires.

Let me know if we can help you with your workers compensation program.


Dan Zeiler
dan@zeiler.com
708.293.5500
2 Comments »

Illinois Workers Compensation - Do you know your "Validation Date"

One of the many tasks we perform for our customers is to review open claims. Open claims usually have reserves assigned to them which are anticipated future payouts.  Unfortunately, many reserves can be excessive or just ignored due to the work load of the claim adjuster.  This will effect your Workers Compensation Premium.

 

The magic date to be concerned with is called your “validation date”. This is the date that your claims experience is reported to the National Council on Compensation Insurance (NCCI). Should any “reserves” be mismanaged… your experience modification factor will suffer adversely. The “validation date” is 6 months prior to your workers compensation anniversary date.

 

Make sure your reserves are being managed in order to keep your workers compensation premiums low. 

 

Rather than just quote your workers compensation insurance once a year, we have a process to continually manage your long term workers comp costs and premiums. We work with many companies in the Illinois IL and Chicago area
0 Comments »

Illinois Workers Compensation - Your Validation Date

One of the many tasks we perform for our customers is to review open claims. Open claims usually have reserves assigned to them which are anticipated future payouts.  Unfortunately, many reserves can be excessive or just ignored due to the work load of the claim adjuster.  This will effect your Workers Compensation Premium.

 

The magic date to be concerned with is called your “validation date”. This is the date that your claims experience is reported to the National Council on Compensation Insurance (NCCI). Should any “reserves” be mismanaged… your experience modification factor will suffer adversely. The “validation date” is 6 months prior to your workers compensation anniversary date.

 

Make sure your reserves are being managed in order to keep your workers compensation premiums low. 

 

Rather than just quote your workers compensation insurance once a year, we have a process to continually manage your long term workers comp costs and premiums. We work with many companies in the Illinois IL and Chicago area.
0 Comments »

Validation Date - the Key to your Work Comp Rates and Experience Mod

One of the many tasks we perform for our customers is to review open claims. Open claims usually have reserves assigned to them which are anticipated future payouts.  Unfortunately, many reserves can be excessive or just ignored due to the work load of the claim adjuster.  This will effect your Workers Compensation Premium.

 

The magic date to be concerned with is called your “validation date”. This is the date that your claims experience is reported to the National Council on Compensation Insurance (NCCI). Should any “reserves” be mismanaged… your experience modification factor will suffer adversely. The “validation date” is 6 months prior to your workers compensation anniversary date.

 

Make sure your reserves are being managed in order to keep your workers compensation premiums low. 

 

Rather than just quote your workers compensation insurance once a year, we have a process to continually manage your long term workers comp costs and premiums. We work with many companies in the Illinois IL and Chicago area
0 Comments »